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| Exchange Disseminated Time | West Coast Paper Mills Ltd has informed BSE that Credit Analysis & Research Ltd., has assigned the following ratings to the various facilities of the Companies-
1. External Commercial Borrowings of USD 105 Million from ICICI Bank Ltd. led syndicate — 'CARE A+'(Single A Plus]
2. Fund & non-fund based working capital limits of Rs 165.50 Crores — 'PR1+ [PR One Plus]' for short-term facilities and 'CARE A+'(Single A Plus] for long facilities.
3. Redeemable Non-convertible Debentures of Rs 65 Crores — 'CARE A+'(Single A Plus].
Further, Company has surrendered 'CARE A+' [Single A Plus] rating for Redeemable Non-convertible Preference Shares, as Securities & Exchange Board of India [SEBI] has not permitted listing of privately placed Redeemable Non-convertible Preference shares. |
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